The global agricultural inoculants market is forecast to reach a value of USD 437.1 Million by 2020.

This report includes estimations of market sizes for value (USD million). Both top-down and bottom-up approaches have been used to estimate and validate the size of the global agricultural inoculants market and to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market share in respective regions has been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and were verified through primary sources.

North America accounted for the largest share in agricultural inoculants market in 2014. Growth in the North America region is due to high rate of adoption of new technologies to increase the efficiency of crop production and minimize the cost of operations. The Latin American region is projected to be the fastest-growing market due to commercialized cultivation of corn and soybean crops. Agricultural inoculants are widely used for soybean crops and hence the consumption of inoculants is expected to increase in the next five years.

Lack of awareness and availability and physical constraints such as limited shelf life of agricultural inoculants pose as restraints for the agricultural inoculants market. Poor infrastructure, high transportation costs, and lack of storage facilities pose a challenge for the agricultural inoculants market.